Author
Topic: Global Prime (Read 194975 times)

Thanks for the support guys. In regards to Steve's forum, he's given us the nod as the official broker of his forum based on trust built over the years. Yes, he can definitely be quick to raise the ban hammer and in some cases maybe a bit too quick but it does keep a lot of the crap out. You have to work within his framework as it's his forum .. at the end of the day there is a lot of good content on there. I owe most of my trading knowledge to hanging out there and getting close with members.

I've been using GP for over 2 years now and I would not hesitate to recommend them. Excellent broker as far as I can tell.On the other hand Steve Hopwood I wouldn't trust as far as I could throw him. Steve endorses Forex scammers like Bill and "Craig Stoltz" ( real name Clark Farabaugh) who pretends to be NASA scientist. He was pocketing $50 for each new member at FXAW.. I don't think he makes any more from that scam as people learned to stay away from there, and I don't know what the deal is with Bill. I assume he gets some sort of commission from GP as well. If I was GP I would distance myself from any connection with this man. He is bound to land himself in some deep shit sooner or later...

I've been using GP for over 2 years now and I would not hesitate to recommend them. Excellent broker as far as I can tell.On the other hand Steve Hopwood I wouldn't trust as far as I could throw him. Steve endorses Forex scammers like Bill and "Craig Stoltz" ( real name Clark Farabaugh) who pretends to be NASA scientist. He was pocketing $50 for each new member at FXAW.. I don't think he makes any more from that scam as people learned to stay away from there, and I don't know what the deal is with Bill. I assume he gets some sort of commission from GP as well. If I was GP I would distance myself from any connection with this man. He is bound to land himself in some deep shit sooner or later...

Yeah, it's a joke over there, all those years they have been banging out trading EA's and still they don't make any money???

Some of the EA's followed here are more professional, programmed better, and most probably the better option!

Jeremy and one more thing: looking at spreads at http://www.myfxbook.com/forex-broker-spreads or even comparing manualy Global Prime to IC Markets, Pepperstone Razor, Vipro Markets, Tickmill you have much worse spreads for most of the time - are you working in order to have lower spreads at your services, or maybe there is something we don't know - like your spreads are higher but slippages are much lower?

Jeremy are you planning to give access to more platforms like cTrader ?MT4 is nice for charting, but when it comes to trading, this technology really sucks.

Heya. While MT4 may be dated it definitely still has the vast majority of market share and I don't think that cTrader or MT5 has really been enough of a jump for us to warrant taking those platforms up. There also just isn't enough demand from clients for it either. In saying that we are looking at another alternative platform to offer a more institutional product to our retail client base.

We aren't really like most of the retail brokers you see out there - our focus is on the institutional side of things where we offer FIX API, Flextrade and other ways of connecting to our liquidity for banks, other brokers, hedge funds etc.

Jeremy and one more thing: looking at spreads at http://www.myfxbook.com/forex-broker-spreads or even comparing manualy Global Prime to IC Markets, Pepperstone Razor, Vipro Markets, Tickmill you have much worse spreads for most of the time - are you working in order to have lower spreads at your services, or maybe there is something we don't know - like your spreads are higher but slippages are much lower?

I think you'll find that our top of book depth is higher with us as we cater to larger traders. If you've found that you are always getting slippage when trading bigger than 1 lot it's probably due to the broker only having 50-100k at top of book to show super tight spreads. We cater to larger size traders that would prefer to see a real spread that they can actually hit and get the price they want in most cases.

Feel free to compare executions between venues. We can show any of our clients advanced stats on their trading (see attached for recent trading on my account) which shows average execution time, slippage per trade, which LP filled the trade etc etc.

I've also run a report for yesterday's slippage stats which is attached. You'll find that our slippage is quite balanced with lots of positive slippage being recorded for clients. I can also run this report for any client to show how they stack up with their trading fills.

In saying all this low spread is still very important and we are working on ways to improve things for clients. I would say stay tuned as we are currently working on a product that will be very attractive to all types of traders. Can't say much else on this atm

Jeremy and one more thing: looking at spreads at http://www.myfxbook.com/forex-broker-spreads or even comparing manualy Global Prime to IC Markets, Pepperstone Razor, Vipro Markets, Tickmill you have much worse spreads for most of the time - are you working in order to have lower spreads at your services, or maybe there is something we don't know - like your spreads are higher but slippages are much lower?

Well spreads what you see on myfxbook and actual spreads on execution can vary greatly and it depends on the bevy of factors. Its quite naive to judge broker by myfxbook data. But from my personal experience with IC Markets and Tickmill they do have excellent spreads, plus Tickmill's commission of 4$ per lot is unbeatable for most of the brokers. Probably Global Prime surely has their own pros, although they denied my application for account opening

Yesterday, at platform time 14:18 (GMT +3), we received an erroneous pricing spike by one of our liquidity providers on both GBPCAD and GBPAUD. This price was reflected in the charts and as such a number of our clients were affected with off market fills around 250 pips away from the correct market price.

We've contacted all affected live account holders so we can work together with them to rectify any positions that may have been closed or opened due to the off market price. If you have not received an email from us and have reason to believe that you were affected by this issue please contact us at forex@globalprime.com.au with the affected trade IDs.

We are currently investigating with our technology provider as to why this erroneous spike was allowed through as we have multi-level spread and tick filters to prevent this kind of issue from happening.

Our charts have been fixed - you may need to right click the chart and select refresh if you can still see the spike.

Please accept our apologies if you have been put out by this and rest assured that we will look after you to ensure a positive outcome to this situation.

will be my first time on real and Im looking for a reilable and trusted broker to start with the right foot and researching all across the web I only find good reviews about Global Prime, want to ask you if you really recommend me this broker and most important if its recommended to deposit large sums of money thank you

will be my first time on real and Im looking for a reilable and trusted broker to start with the right foot and researching all across the web I only find good reviews about Global Prime, want to ask you if you really recommend me this broker and most important if its recommended to deposit large sums of money thank you

You can't go wrong with Global Prime. Totally trustworthy, transparent trading conditions, great support and fully regulated by ASIC. You can find a good deal for Global Prime through this forum offer - https://donnaforex.com/index.php?topic=19396.0

I can vouch for Global Prime as well. I've had several accounts there for many years. Never had a single issue with them. They've always been honest and fair. And customer service has always been quick to help.

I was also part of a PAMM there that had hundreds of thousands of dollars in trade.